The American Fire Sprinkler Association (AFSA) applauds the United States Congress for passing and President Donald Trump for signing the Tax Cuts and Jobs Act (H.R. 1) prior to Christmas last week, a comprehensive reform of the U.S. tax code. AFSA members are poised to benefit from several aspects of this monumental legislation, including particular language that directly affects the fire sprinkler industry – incentivizing business owners to retrofit their properties with fire sprinkler systems. H.R. 1 provides this important incentive and allows the cost of sprinkler retrofits to be deducted as a Section 179 expense. This tax-policy change will allow numerous occupancies including businesses, restaurants, retail spaces and other establishments to protect their employees and customers.
Tax Cut Bill Contains AFSA Priority
For more details as they become available, visit the AFSA homepage at firesprinkler.org.